Give a Brief Overview of the Development of Accounting Theory

question 15

Essay

Give a brief overview of the development of accounting theory in:
.the pragmatic period (1800-1955)
.the normative period (1956-1970)
.the positive period (1970's-2000 )

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Definitions:

Repression

A defense mechanism where distressing thoughts, memories, or feelings are unconsciously blocked from conscious awareness.

Reaction Formation

A psychological defense mechanism where an individual behaves in a manner opposite to their actual feelings.

Sublimation

A defense mechanism in psychology where socially unacceptable impulses or idealizations are unconsciously transformed into socially acceptable actions or behavior.

Denial

A psychological defense mechanism involving refusal to accept reality or facts, therefore avoiding dealing with painful feelings.